1946 5600Roy, UT 84067

Property Details for 1946 5600

Year built

1973

Lot size

3.11 AC

Property size (Sq ft)

39,516 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional mixed-use property, located at 1946 W 5600 S in Roy, UT 84067, presents a compelling value-add investment opportunity. The 39,516 square foot, single-story building sits on a 3.11-acre lot and boasts a 100% occupancy rate with eight tenants. Built in 1973 and renovated in 2003, the property generates a strong NOI of $481,837, representing an 8.03% cap rate at an asking price of $6,000,000 ($151.84/sq ft). The property benefits from a high-traffic location at a signalized intersection just 500 feet from I-115, with over 43,000 vehicles passing daily. Its proximity to Hill Air Force Base (23,000 employees) and a large residential population (200,000 within a 5-mile radius) ensures a substantial customer base. Current leases range from 2025 to 2027, with some month-to-month agreements, providing flexibility for future redevelopment. The DTW (Downtown West) zoning allows for mixed-use development, including retail, residential, hotel, and office spaces. The City of Roy and the Roy Redevelopment Agency have expressed strong interest in a hotel development on this site, offering potential for significant public funding support. This property offers a unique blend of immediate income and significant long-term redevelopment potential.

Location Insight

City

Roy

County

Weber

State

Utah

Latitude

41.1619

Longitude

-112.027

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